Automotive

Automotive

Businesses Apply for Over HUF 30 bln of Subsidies to Buy EVs

Businesses have applied for more than HUF 30 billion of subsidies in a scheme to support purchases of EVs, the...

Automotive

AutoWallis Q1 Sales Climb on Acquisitions, Used Vehicle Segment Sees Strong Surge

Budapest Stock Exchange-listed AutoWallis Group started 2025 with solid gains in vehicle sales, driven largely by international acquisitions completed last...

Automotive

Used Electric Vehicle Prices Drop Sharply in Hungary, Tesla Model 3 Becomes Most Popular

The average price of used electric vehicles in Hungary has dropped by more than HUF 1 million compared to the...

Automotive

Businesses Apply for HUF 29.7 bln of Subsidies to Buy EVs

Businesses have applied for HUF 29.7 billion of subsidies in a scheme to support purchases of EVs, close to the...

Automotive

Foreign Minister: Automotive Industry’s Interest in Hungary on the Increase

The automotive industry's interest in Hungary has "increased significantly in recent days", as the country provides a stable environment for...

Automotive

Obituary: Osamu Suzuki, the man who Brought Auto Manufacturing to the Banks of the Danube

Osamu Suzuki, the businessman who led his eponymous motor company for more than four decades, died of lymphoma in his...

Automotive

BYD Most Popular Brand Among Applicants for EV Subsidies

China's BYD is the most popular brand among applicants in a government program to support businesses' purchases of electric vehicles,...

Automotive

Rába Profit Falls to HUF 43 mln on Financial Losses in 2024

Hungarian automotive company Rába reported an after-tax profit of HUF 43 million in 2024, down sharply from HUF 1.2 billion...

Automotive

Businesses Apply for Subsidies to Buy 6,700 Electric Vehicles

Over 5,400 applications have been submitted for HUF 26.2 billion in subsidies in a scheme to support purchases of electric...

Automotive

Used Car Listings Surge in Hungary, Nearing 200,000 in Early 2025

The Hungarian used car market has shown strong activity in the first two months of the year, with approximately 155,000...

Automotive

Audi Hungaria Revenue Reaches EUR 8.611 bln in 2024

Revenue of German-owned car maker Audi Hungaria reached EUR 8.611 billion last year, the automotive company said on Tuesday, according...

Automotive

MBH: Target Price for AutoWallis Shares Upped to HUF 225 With Buy Ratin

MBH Investment Bank updated its analysis of AutoWallis’ shares, maintaining its buy rating for AutoWallis shares with a (12-month) target...

Automotive

Both Concorde and OTP Issue Buy Ratings for AutoWallis Shares With Increased Target Rates

Following Concorde Értékpapír, OTP Bank also updated its analysis of AutoWallis Nyrt. shares: the two analyst houses’ buy ratings now...

Automotive

New Mercedes Plant to Start Serial Production in 2026 – Minister

German car maker Mercedes-Benz's new plant in Kecskemét will start serial production at the beginning of next year, doubling the...

Automotive

Petrányi Group Expands Services at Ferenc Liszt Int’l With U-Save Car Rental Launch

The Petrányi Group and Green Motion Hungary Zrt. have announced a dual expansion move at Budapest’s Ferenc Liszt International Airport....

Automotive

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Automotive

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

Automotive

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Automotive

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

Pirelli Cinturato Winter 3 Takes Top Honors in European Tests

As winter approaches, drivers face a familiar question: which tires can provide dependable performance when road conditions start to change?...

Michelin Celebrates 30th Anniversary of Presence in Hungary

Michelin celebrated the 30th anniversary of its presence in Hungary at an anniversary event at its Nyíregyháza facility (231 km...

Geely Leads Interest in Chinese Car Brands Newly Launched in Hungary

Geely attracted the most interest among Chinese car brands entering Hungary this year, according to January-September data from used car...

Older Small Cars Rise in Price as Hungary’s Budget Used-Car Supply Shrinks

Suzuki Swift asking prices rose 25.8% year-on-year in September as the share of used cars below HUF 2.5 mln shrank,...

Hungarian EV Market Continues to Grow, Leading CEE

Electromobility in Hungary continues to grow. In the first half of the year, 7,497 new all-electric passenger cars were registered,...

Budapest Cuts EV Parking Discounts but Keeps Benefits Until 2030

Budapest's City Assembly voted to reduce the parking discount for electric and hydrogen vehicles to 50%, keeping the benefit in...

Wallis Builds Next Growth Phase on Local Knowledge and Leadership

Gyula Mező, CEO of Wallis Asset Management, tells the BBJ how the group is allocating capital, managing an increasingly int'l...

BMW Debrecen Adds Third Shift to Meet Strong iX3 Demand

BMW is introducing a third shift at its Debrecen factory and moving to 24-hour operations to accelerate production of its...

AutoWallis to Launch Zeekr in Austria and Poland

AutoWallis Group will launch Zeekr, the premium electric mobility brand of Geely Auto Group, in Austria and Poland under a...

AutoWallis Remains Profitable in H1 Despite Challenging Auto Market

AutoWallis Group remained profitable in H1 2026 despite a challenging automotive market, weaker performance from traditional brands, one-off costs related...

Navigating the Hungarian Auto Market: What Expats Need to Know

After years of hands-on experience advising expat friends and colleagues on 2nd-hand vehicle purchases, Christopher Csizmár founded CarSherpa, a pre-purchase...

Hungarian Engineers to Contribute Expertise to Formula 1 Cars

Hungarian engineers will contribute their expertise to Formula 1 cars, Economy and Energy Minister István Kapitány said in a social...

Hybrid Listings Hit Record High on Used Car Market in June

Demand strengthened on Hungary’s used car market in June, while the average age of vehicles declined, according to the latest...

Bosch Pushes AI Deeper Into Vehicle Safety and Automated Driving

Bosch used its recent AI Symposium 2026 in Budapest to show how artificial intelligence is becoming a more concrete part...

AutoWallis to Use 2025 Profit to Support its Regional Growth Strategy Going Forward

AutoWallis Group has said it will retain its 2025 after-tax profit of nearly HUF 5 billion to support the implementation...